Lantz Financial LLC Sells 186 Shares of KKR & Co. Inc. (NYSE:KKR)

Lantz Financial LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,936 shares of the asset manager’s stock after selling 186 shares during the quarter. Lantz Financial LLC’s holdings in KKR & Co. Inc. were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KKR. Assenagon Asset Management S.A. grew its stake in shares of KKR & Co. Inc. by 3,757.3% during the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after buying an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of KKR & Co. Inc. by 1,181.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock valued at $71,038,000 after purchasing an additional 501,579 shares in the last quarter. State Street Corp lifted its position in shares of KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the period. Geode Capital Management LLC boosted its stake in shares of KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after purchasing an additional 355,837 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in KKR & Co. Inc. by 11,197.2% during the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after buying an additional 339,946 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $165.46 on Friday. The business has a fifty day moving average of $153.16 and a 200 day moving average of $135.77. KKR & Co. Inc. has a 1 year low of $83.37 and a 1 year high of $165.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $146.96 billion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $0.73 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KKR shares. Evercore ISI boosted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. TD Cowen raised their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Finally, Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.